News
June 07, 2024
ICVCM Announces First Batch of Approved Carbon Credit Methodologies
The Integrity Council for the Voluntary Carbon Market (ICVCM) has announced the first batch of carbon credit methodologies to pass their review. This includes three methodologies for the destruction of ozone-depleting substances (ODS) and four methodologi
June 07, 2024
Singapore to Build more Hydrogen Compatible Power Plants to Meet Electricity Demand
Anticipating continuous domestic growth in electricity demand, Singapore plans to add two more natural gas hydrogen-compatible power plants by 2030 to ensure stable and secure power supply.
June 06, 2024
Thailand to introduce carbon tax in 2025, starting with oil sector
Following Singapore, Thailand will become the second ASEAN country to implement a carbon tax ahead of CBAM. Thailand plans to levy carbon taxes in 2025, aligned with the enactment of the “Global Warming Act”.
June 06, 2024
Thailand aims for 50% renewable energy by 2040: What challenges lie ahead?
Recently, Prime Minister Srettha Thavisin announced at an event, "Thailand will achieve 50% renewable energy by 2040." However, Thailand's green energy share is only 16.61%. How will he achieve this goal? What challenges are there?
June 06, 2024
What are Just Energy Transition Partnerships, and what progress has been made in Indonesia?
To accelerate decarbonization efforts in the power sector, Southeast Asian countries require strategic climate assistance. Therefore, the implementation of projects like the Just Energy Transition Partnerships (JETPs) is crucial for developing economies.
June 05, 2024
Vietnam eyes advanced technology to boost rare earth production, EV industry
The rare earth elements used in making EVs and wind turbines are vital to renewable energy technology. Vietnam boasts abundant rare earth resources but suffers from a lack of advanced technology, leading to a continued decline in extraction volumes.
June 04, 2024
Malakoff launches biomass co-firing project, targets 15% capacity by 2027
Malakoff has recently launched its biomass co-firing project at its 2,100 MW coal-fired Tanjung Bin Power Plant (TBPP) in Pontian, Johor. It aims to co-fire up to 15% biomass with coal by 2027.
June 04, 2024
Singapore, Cambodia, Laos form alliance to boost cross-border electricity trade
In a significant move to enhance regional energy cooperation, Singapore, Cambodia, and Lao PDR have established a working group aimed at facilitating cross-border electricity trade and advancing the ASEAN Power Grid (APG) vision.
June 04, 2024
Why is Vietnam stuck in power shortages, and how are they dealing with them?
The power shortage crisis in northern Vietnam last year is still vivid. With the expectation of electricity demand surge, Vietnam Electricity (EVN) has implemented various measures to manage power distribution and alleviate the pressure on supply.
June 03, 2024
Rystad Energy identifies Malaysia as key emerging hub for CCS in Asia-Pacific region
Malaysia is among the hubs in the Asia-Pacific region rapidly emerging as key players in the carbon capture and storage (CCS) sector, according to Rystad Energy.